Now what is the holdup?
In light of these past facts a reasonable person has to conclude that it is the USA holding up the revaluation process since they themselves have stated just last week that all Iraq requirements are now met. I believe this to be true.
My take on all this-
This game has shifted to pure medaling on the part of the USA in Iraq’s internal affairs at this point they keep stalling this RV any longer. Couple this with what recently happened with the Swiss franc over the weekend and it is now pure and unequivocally evident that the USA is using the Iraq currency revaluation process for political clout with the rest of the global community to strong arm their opponents to back down on the IMF financial reforms.
Remember just last week a statement came out again from the IMF Managing Director Christine Lagarde ( I paraphrase) stating that the USA has not yet adopted the needed reforms from their legislative body (meaning approval by a vote in Congress). She also stated that the USA should get with the program or step aside. It is time to take action. I believe this was a warning of things to come…example of what happened in Switzerland? What can we expect next? Is the IMF showing it clout now? Will they find a way to work around the USA?
As always I keep digging and asking questions like WHY? Why the resistance on the part of the USA to allow Iraq not to have their currency back?
Somehow I have learned over these last 10 years of following this process, (especially in these last 4 years), that nothing is as it appears. I have tried to explain to you about the economic wars now raging on and how Russia must be once again put in its place with Putin either eventually caving in and pulling out of Ukraine and getting back into the mood of cooperating with the USA once again. This is all good but why hold up the Iraq dinar as a consequence?
You see after the fall of the iron current (communism) and the breakup of the Soviet Union, the relations between the two countries were better than even since prior to WWII when Russia was allied with the USA and Great Britain to fight the Nazis.
At this time the USA even supplied much of the capital for Russia to get standing back on its feet once again as long as it shared the same democratic capitalism ideals with the USA. The IMF supported them too and under the recommendations of the USA, the new Russia soon became a member of the WTO.
Why did the USA work so much in bringing Russia out of isolation? What were these new ideals? They were supporting the USA in its future endeavors to bring the rest of the world around to capitalistic free markets dominated by the yankee dollar (or referred to as the petro-dollar). As long as Russia played along they would be in good standing with the USA and could gain a great deal of the wealth.
Well….Russia got greedy and wanted more than the USA offered. Putin realized just the extent of the wealth that could be derived from the vast future capitalistic markets yet to be exploited in the former Soviet Block countries. Only Putin does not know how to exploit and in reality needs the helping hand of the USA.
But Putin is a former KGB leader not a capitalist by heart and knows very little about running an economy, trade or anything else in the global financial world. Instead he knows brut power to get what he wants. Remember communism depressed much of any growth in these countries so many were still backwards. Those at the very top exploited the system and used their power to gain great personal wealth at the expense of society. Brut force was used to control the system. This is how Putin operates. But this is a new age for Russia.
So now these former Soviet block countries are ripe fruit for the taking. So Russia and the USA were supposed to work together in a joint effort to harvest this fruitful bounty of vast wealth. All it would take is cooperation.
There is also the question of dealing with Syria. Yet another dictator that is the way of capitalistic progress. Did I mention the pipeline ? Did it ever occur to you that if Russia joined a coalition to fight terrorism this war on terrorism could literally be over in years if not even months. Simply put Putin will not cooperate and so maybe the Russian people too have picked the wrong leader to lead them through this process.
Am I rambling? I think all that I am telling you is very relevant to the ongoing saga as we see it all being played out in front of us. Remember the majority of average citizens have no clue what is going on here. They are not invested in the currency of Iraq they have no motivation to be concerned. They do not read the articles from Iraq, read Mnt Goat news letters or any listen to any of the many other sources of information coming from the Middle East and Iraq.
You see there is no real target date for the USA for the RV only political agendas. The longer this RV is delayed another crisis is bound to pop up and cause the RV to be yet the tool again for political means. Will it ever end? Someone needs to step in and finalize this process. The IMF is attempting to do just that but it is not easy. Eventually either the USA is going to cooperate or the IMF is going to go around them.
Well this is what I do know for a fact. The Republican party would luv to legitimize the postponement of the Iraqi revaluation until after the 2016 election process. They just might do it too. This is pure sour politics and DEADLY WRONG.
This GW Bush followers want to pick up the pieces, continue the process they started in 2003 and take credit for it all and not allow all the glory to go to the current Democratic administration. Keep this in your back pocket at you see what is now going on next. You will see these statements are not really too far fetched.
It makes absolutely little sense for the sake of Iraq and for any political success of the Obama administration to allow the stalling of the progress of Iraq any longer. Any real progress made so far has been made in spite of the USA efforts. Stalling the RV is stalling further progress. The USA is now an obstacle not a facilitator.
Iraq is as ready as a ripe piece of fruit is ready to be picked from the tree. Sometimes opportunity only knocks once and so they must be careful not to spoil the fruit. All the low hanging fruits have already rotted and are gone (missed opportunities). If this is allowed to continue much longer much of the other fruits of this tree of opportunity too will be wasted. We can already see it happening.
Many will not agree with some of these statements I have made in this news article. They will only regurgitate to me what they have been told over and over again that of “Iraq being the wealthiest country in the Middle East if not the world”. I am beginning to see that this plan may not have as much merit as many believe if this stalling of their revaluation does not get underway and allow further progress very soon.
A good case in point is the decrease in the oil prices. Given time another crisis is always just around the corner. Could Iraq deal more effectively with the deficit in their budget with a flock of foreign investment money rolling in by being international? Absolutely – YES ! You see it is not the deficit that is the crisis. IT IS THE LACK OF NOT HAVING AN INTERNATIONAL CURRENCY THAT IS THE REAL CRISIS.
So if you and I know this, then so should the powers behind this plan to revitalize the middle east also know this? I would not be so sure about that since this foreign policy in the middle east is one huge blunder after another.
Remember not all members of the council of representative are privy to the USA’s stalling tactics. There is only a few from the inner circle ring of politicians in Iraq of who truly know the full sage of what is going on here. They do not tell the other 300+ members of parliament. So many just go along with the deception not knowing any better.
You see those really in charge of authorizing the final rollout of the new rates are not under the direct control of president Obama as many think. As in any administration there is power sharing since the USA is a democracy. We are witnessing this first hand as not even the president has full control of the destiny of the Iraqi revaluation process as many think. At this time of even greater hype over terrorist threats (now in France too) we see that all anyone really has to do is scream that there is a national security issue and the RV is help up once again. It is that easy. So who really has an indirect control then….maybe the CIA?
So when can we expect the RV?
Everything I present to you today is interconnected and meaningful in getting the revaluation of the Iraq dinar but most importantly there is a greater need than ever for Iraq to return to an international currency. I am hearing that if the economic wars persist and worsen, it could mean trouble and lead to yet just another USA excuse as to why Iraq can not yet go international. Any further delay will also harm the Iraqi economy in a huge way.
There are huge plans for Iraq reconstruction in 2015 and they can’t blame the delays any longer on the Maliki government. A new government is in place and it is working hard to see that Iraq stays on track. However it will need for the USA to let of the reigns and allow them to be the democracy and make the necessary economic and political decisions in the future for themselves. It is time!
Peace and Luv To Ya All,